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China launches huge trade and business ties with Albania
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Chine's Vice Primier Zhang and Albanian Prime Minister Sali Berisha said the two countries were facing new opportunities for further development.
The two sides are focusing on trade and economic cooperation, actively promoting cooperation in such fields as, mining, tourism and agriculture.
Berisha observed that the potential of Albania-China relations was huge, and that Albania was ready to maintain high-level exchanges, deepen economic and trade cooperation and facilitate Chinese investment in Albania.
Economic crises in the world has shown that the one who is strong, fast and works hardest will definitely emerge in the world Economy.
Albania with amazing untapped natural resources in cooperation with China an industrialized nation looking to strongly capture the European Market and setting up strategic influence in the region. Making Albania a store front for Europe to purchase China's Products will be the best investment China ever made in Europe.
In Albania, China will have amazing opportunities to trade their goods with the Balkans, Europe, the Middle East, and Africa and benefit from 100s of billions of dollars Albania and Kosovo have in minerals.
According to the latest figures economic growth in Albania was around 4% this year. Albania's economic development in recent years and the state of the reforms already carried out, particularly in the banking sector.Albania has the world's best growth in tourism and investment for 2009.
Albania had very impressive growth in tourism this year. The Albanian government reports that there has been a 42% increase in the number of tourists visiting the country compared to last year. The Albanian private sector in tourism has been growing an average of 30% each year with new hotels, resorts, bars and restaurants. The Albanian economy had the best growth in Europe last yeear. Foreign investments in Albania have increased 59% this year.
It shows that the Albanian economy is developing very satisfactorily - compared with the development in the most recent new EU member states as well, so at least in the economic perspective Albania's aim of coming close to EU membership in the medium term does not appear to be unrealistic.
China's vast manufacturing sector expanded in October at the fastest rate in 18 months, a survey showed on Sunday, and economists said they expected the momentum to be sustained in the coming years.
China's manufacturing sector rose to 55.2 percent in October, up 0.9 percentage points from the previous month, the China Federation of Logistics and Purchasing (CFLP) said on Sunday.
The index was 0.6 percentage points higher than the number in September, when the PMI edged up only 0.3 percentage points to 54.3 percent. It was the eighth month in a row that the PMI reading stayed above 50.
A reading of above 50 suggests expansion, while one below 50 indicates contraction. The PMI includes a package of indices that measure economic performance.
The survey, conducted by the National Bureau of Statistics (NBS), covers purchasing and supply managers in more than 700 firms across China. The CFLP launched the PMI in 2005.
The production index in the PMI reached 59.3 percent in October, the highest level since last May.
China third-quarter growth accelerated to 8.9 percent -- the fastest pace in a year -- as the economy powered up an expansion built on a flood of stimulus cash and bank lending.
The world's third-largest economy is on course to meet a government target of 8.0 percent growth for 2009 -- seen as vital to foster job creation and ward off social unrest in the nation of 1.3 billion people.
The 8.9 percent growth revealed by the National Bureau of Statistics was the fastest quarterly expansion in a year. It followed 7.9 percent in the second quarter and 6.1 percent in the first three months, which was the slowest in more than a decade.
China's gross domestic product grew 7.7 percent in the first nine months of 2009 compared with the same period a year ago, after growing 7.1 percent in the first half, the data showed.
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